Binance Labs Leads Investment in Blockchain Game Platform

The venture capital and accelerator division of the world’s largest crypto exchange by trading volume is spearheading an investment in a new blockchain gaming token.

In a recent announcement, Binance Labs revealed that it led the investment round for the GameFi publishing platform, Pluto Studio. Pluto Studio’s initial project, Catizen, was launched on the Telegram TON blockchain.

Catizen integrates seamlessly with Telegram, leveraging its extensive user base to enhance visibility in the Web3 space. The game aims to introduce Web3 to a wider audience through engaging mini-games and mobile payment options.

The announcement highlighted that Catizen has already amassed over 25 million registered players, with 1.5 million active on the blockchain.

Pluto Studios plans to use the investment to further develop their product. Co-founder Ricky Wong stated, “This investment validates our vision and boosts our confidence in building the infrastructure needed for the next wave of Web3 entertainment. With Binance Labs’ support, we aim to elevate Catizen and bring more innovative solutions to the Telegram and TON ecosystems.”